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Indian Oil, Oil India latest potential mega-merger as energy sector consolidates

( July 18, 2017, 06:36 GMT | Insight) -- India's government is looking divest to a its 66 percent stake in Oil India, and is said to be in talks with Indian Oil on a transaction that could further consolidate the sector, the Economic Times reports. India's government is looking divest to a its 66 percent stake in Oil India, and is said to be in talks with Indian Oil on a transaction that could further consolidate the sector, the Economic Times reports. The terms and timing of the deal have yet to be determined. The move is part of the government's strategy to integrate the country's oil and gas companies, with another, more complex mega-merger between ONGC and HPCL already on the cards....

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